Each year, millions of Americans take out payday loans to bridge a financial gap. These short-term money arrangements seem benign on the surface; the consumer borrows money and has to pay it back, with interest, by the date of their next paycheck. Unfortunately, many consumers don’t ask enough questions, don’t read the fine print close… Read More »
The Deception of Payday Loan Advertisements
5 Problems with Online Payday Loans and How to Avoid Them
Although popular with many, payday loans can be fraught with financial problems for consumers. Hidden fees, exorbitant charges, sky-high interest rates, and predatory lending practices are all possible traps of payday loans. Online payday loans expand the reach of traditional payday loan offices by targeting and seeking potential consumers based on their personal information, algorithms,… Read More »
How To Escape From Your Payday Loan
A payday loan can seem to be a godsend to an individual who needs cash quickly. The lender will deposit the money directly into your bank account. Even if you have bad credit, your chances of getting your loan approved are high. In most instances, all that you need is a bank account and a… Read More »
Using Secured Credit Cards to Recover After Bad Payday Loan Debt
Showing that you can use credit responsibly can play a significant role in improving your credit score. This applies doubly when you’ve run into financial problems in the past, such as racking up credit card debt or payday loans and later consolidating them. You want to show that you’re capable of doing better, but your… Read More »
Should You Keep Using Payday Loans to Get By?
There’s a figure out there that shows that in 2010, 12 million United States adults had a payday loan. In addition to that, nearly 6% of Americans have used a payday loan at some point in the last five years. That’s a lot of people who are funding these loan companies, which many believe are… Read More »
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